CNBC Pro

Santoli’s Tuesday market notes: ‘Tech days’ take a turn in the driver’s seat as growth stocks bounce

Share
Traders work on the floor of the New York Stock Exchange.
NYSE

This is the daily notebook of Mike Santoli, CNBC's senior markets commentator, with ideas about trends, stocks and market statistics.

  • The market looking comfortably indecisive in the current trading range. The air-pocket-bounce-regroup-wait-and-see pattern of bull-market pullbacks would appear to be underway. The S&P 500 has spent the past week in a benign sort of limbo, between the short-term uptrend line (20-day average) and slower-moving 50-day, from which it bounced hard last week.

More In Santoli on Stocks

CNBC ProSantoli’s Friday market notes: Stocks snooze for now, but Fed meeting and rebalancing could shake things up
CNBC ProSantoli’s Thursday market notes: S&P 500 makes ambivalent breakout to a new high amid blazing inflation
CNBC ProSantoli’s Wednesday market notes: S&P 500’s holding pattern saps momentum the longer it persists